Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

Nov. 25, 2019, 10:29 a.m. EST

Hasbro upgraded on earnings growth potential from Entertainment One acquisition

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Hasbro Inc. (HAS)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Hasbro Inc. /zigman2/quotes/201249319/composite HAS -3.62% shares rose 3.4% in Monday trading after the toy maker was upgraded to buy from neutral at UBS based on the earnings growth potential from the Entertainment One acquisition. UBS maintained its $117 price target. The $4 billion acquisition, which was announced in August, includes Peppa Pig and a film and television division. UBS expects 13% earnings-per-share accretion in 2021 and nearly 18% in 2022. Hasbro has since announced a third-quarter earnings miss, which the company said was impacted by tariffs. "After a weak Q3 and a meaningful reset in numbers, we see more than 20% upside to shares, driven by better-than-expected revenue and cost synergies from eOne and gaming portfolio momentum," analysts said. "The stock appears to be pricing in a lackluster holiday season, combined with further tariff disruption and no upside to $130 million of initial synergy guide." UBS channel checks show a pickup in Q4 sales. Hasbro stock is up 22.3% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.42% is up nearly 25% for the period.

/zigman2/quotes/201249319/composite
US : U.S.: Nasdaq
$ 79.51
-2.99 -3.62%
Volume: 2.36M
Feb. 27, 2020 4:00p
P/E Ratio
19.87
Dividend Yield
3.42%
Market Cap
$11.29 billion
Rev. per Employee
$848,083
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,978.76
-137.63 -4.42%
Volume: 3.91B
Feb. 27, 2020 4:20p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.